Results 21–40 of 12037 for speaker:Philip Hammond

Oral Answers to Questions — Treasury: Topical Questions (16 Jan 2018)

Philip Hammond: The hon. Gentleman may not have noticed but we have put an extra £6 billion into the NHS. The first two weeks of the year are traditionally the highest pressure weeks in the NHS, and we have seen extreme pressure over the past two weeks. He may also not have noticed that we have a flu crisis going on, which inevitably takes its toll. In an ethically-based health service, we treat the...

Oral Answers to Questions — Treasury: Topical Questions (16 Jan 2018)

Philip Hammond: The answer to that is the £6 billion of additional money that we put in at the Budget. I am glad that the hon. Gentleman raised St Peter’s Hospital in my constituency, because that gives me the opportunity to make an important point. As other Members will know, whatever the media say about the NHS in general, when one speaks to one’s own constituents about their experience in...

Oral Answers to Questions — Treasury: Topical Questions (16 Jan 2018)

Philip Hammond: Yes. There are two ways to get our debt falling as a percentage of GDP. By far the easiest way, and the most agreeable way for our constituents, is to grow the economy so that the denominator shrinks.

Oral Answers to Questions — Treasury: Topical Questions (16 Jan 2018)

Philip Hammond: As my hon. Friend knows, we are seeking a bespoke vehicle for a deep and special partnership, and we are certainly prepared to look into any constructive suggestion from any part of the House.

Oral Answers to Questions — Treasury: Topical Questions (16 Jan 2018)

Philip Hammond: Yes. We engage frequently with industry and our No. 1 priority is obviously to ensure that we protect the UK economy as we exit the EU. In fact, as a manufacturer of aviation equipment, which has a zero EU tariff, Airbus should be relatively minimally affected. Nevertheless, I think the company’s particular concern is about the ability to bring EU nationals into the UK to work, and we...

Oral Answers to Questions — Treasury: Topical Questions (16 Jan 2018)

Philip Hammond: Membership of the European Economic Area, which EFTA would entail, involves under current rules compliance with the four freedoms, and that means free movement of people, which the British people rejected in the referendum in 2016.

Oral Answers to Questions — Treasury: Topical Questions (16 Jan 2018)

Philip Hammond: HMRC already has a scheme that can assist companies that are finding cash-flow difficulties in meeting tax liabilities. We agreed last night that HMRC will specifically signpost, via the Carillion-specific websites that are operating, that that facility exists.

Oral Answers to Questions — Treasury: Topical Questions (16 Jan 2018)

Philip Hammond: As my hon. Friend knows, the Government are committed to introducing a fair funding formula, and my right hon. Friend, the Secretary of State, has committed to move forward with that programme this year.

Oral Answers to Questions — Treasury: Topical Questions (16 Jan 2018)

Philip Hammond: We will give consideration to my hon. Friend’s suggestion.

Oral Answers to Questions — Treasury: Topical Questions (16 Jan 2018)

Philip Hammond: My understanding is that the contracts that are strictly PFI contracts are actually in joint ventures. In that case, it is most likely that the joint venture partner will take over. There are outsourcing contracts that, in theory, could be sold on, but as the Government Department, as the contracting party, will invariably have a right to cancel the contract on the insolvency of the company,...

Written Ministerial Statements — HM Treasury: Financial Services Update (20 Dec 2017)

Philip Hammond: The Bank of England today announced plans to ensure continuity in financial services in the unlikely event of no deal with the European Union. The December European Council decided that sufficient progress had been made in the first stage of the EU exit negotiation and the government is therefore confident that it will agree an implementation period and a deep and special partnership....

Written Ministerial Statements — HM Treasury: ECOFIN: 5 December 2017 (18 Dec 2017)

Philip Hammond: A meeting of the Economic and Financial Affairs Council (ECOFIN) was held in Brussels on 05 December. EU Finance Ministers discussed the following items: Early Morning Session The Eurogroup President debriefed Ministers on the outcomes of the 04 December meeting of the Eurogroup, and the Commission provided an update on the current economic situation in the EU. The Chair of the European...

Previous Business – Commons: Select Committee (6 Dec 2017)

Treasury: Budget Autumn 2017. 2:00 pm; The Wilson Room, Portcullis House
Witnesses: Rt Hon. Philip Hammond MP, Chancellor of the Exchequer Clare Lombardelli, Director, Strategy, Planning and Budget, HM Treasury

Written Ministerial Statements — HM Treasury: ECOFIN: 5 December 2017 (4 Dec 2017)

Philip Hammond: A meeting of the Economic and Financial Affairs Council (ECOFIN) will be held in Brussels on 05 December. EU Finance Ministers will discuss the following items: Early Morning Session The Eurogroup President will brief Ministers on the outcomes of the 04 December meeting of the Eurogroup, and the Commission will provide an update on the current economic situation in the EU. The Chair of the...

Oral Answers to Questions — Treasury: Low-paid Workers: Wage Growth (28 Nov 2017)

Philip Hammond: The national living wage will rise to £7.83 from April 2018. In total, that represents a pay rise of over £2,000 for a full-time minimum wage worker since the introduction of the national living wage in 2016, which has helped to reduce the proportion of full-time jobs that are low paid to the lowest level in at least 20 years. At the same time, in-work benefits support the incomes...

Oral Answers to Questions — Treasury: Low-paid Workers: Wage Growth (28 Nov 2017)

Philip Hammond: As I have just pointed out, those on the national living wage have actually gained £2,000 a year. The commitment on the national living wage was, and remains, that it will reach 60% of median earnings, and it will continue to do so. On the hon. Gentleman’s other point, he will note that real household disposable income per head, a much more appropriate measure of living standards,...

Oral Answers to Questions — Treasury: Low-paid Workers: Wage Growth (28 Nov 2017)

Philip Hammond: The best policy for Britain, including for the wages of British workers, is to get a good deal with the European Union that secures high levels of access to European markets after we leave the EU, and that is what we intend to do.

Oral Answers to Questions — Treasury: Low-paid Workers: Wage Growth (28 Nov 2017)

Philip Hammond: Yes. Indeed, that was the central theme of the Budget. If we are to ensure prosperity for all our people in the future, we must embrace the technologies and businesses of the future and create the jobs of the future. We must be prepared to invest in the infrastructure that is needed to support them and in giving our people the skills that they will need to take advantage of those high-paid jobs.

Oral Answers to Questions — Treasury: Low-paid Workers: Wage Growth (28 Nov 2017)

Philip Hammond: I am sure the hon. Gentleman knows that the blanket pay cap across the public sector has indeed been removed—that was announced in July by the Chief Secretary to the Treasury, my right hon. Friend the Member for South West Norfolk (Elizabeth Truss). That will mean that individual Secretaries of State can look at the particular circumstances of the workforces for which they are...


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